Energy prices surge, stocks and gold fall amid escalation

<article data-history-node-id="439604" about="https://www.middleeasteye.net/live-blog/live-blog-update/energy-prices-surge-stocks-and-gold-fall-amid-escalation" class="live-blog-update default clearfix"> <h2> <a href="https://www.middleeasteye.net/live-blog/live-blog-update/energy-prices-surge-stocks-and-gold-fall-amid-escalation" rel="bookmark"> <span class="field field-title">Energy prices surge, stocks and gold fall amid escalation</span> </a> </h2> <div class="content"> <div class="field field-field-text"><p>Oil prices surged by about 5% after reported attacks on ships near the Strait of Hormuz raised fears of supply disruptions.</p> <p>Brent crude futures rose 4.98%, while US West Texas Intermediate crude climbed 3.05%, reflecting heightened concerns over global energy flows linked to tensions involving Iran.</p> <p>At the same time, spot gold fell 1.88% and silver dropped 3.05%, while US stock indices declined, pointing to broader market volatility.</p> </div> </div> </article>